Why Re-invent Trading That Works?

One of the best secrets of trading success is that success leaves strong (profitable) clues.

Why this simple fact is so elusive to new traders (and even those who have been attempting to learn the markets for some time) is a function of our egos no doubt.

Why recreate and reinvent what has already been created, invented and tested?

New trading methods can always be employed of course.

But, there's this to consider when you're trading the markets.

When one tries to learn trading the hard way, that is, without a mentor to help one along the way, we set ourselves up for "learning costs" that are unnecessary and redundant.

From a purely financial cost basis, it just makes sense to cut out the costly mistake process whenever it's possible to. But, it seems that this is precisely where our egos get in the way of our own success.

In addition to the high cost of learning mistakes on our own, we also ignore that there is a significant "time factor" associated with learning things the hard way.

Our school systems understand this process and we readily agree, It's easy to see that it's advantageous to have someone who knows (what we do not), teach us, and bring us up to speed as quickly as possible.

With that in view, it's obvious that having a guide is the most efficient (and least costly) way to new knowledge.

A method of learning as well founded as this, should surely be applied to acquiring our trading knowledge and skills as well, don't you think?

Perhaps this response is because most of us have already proven ourselves to be masters of at least one career, perhaps at the Professional level. But, whether a Doctor, Lawyer, Plumber or Farmer; why would mastery of any of those fields produce information or skill that would automatically translate to mastery of an entirely unrelated field?

The facts declare that whatever field we already know or have mastered, that specific expertise will not help us to be successful in the field of trading the markets of this World.

There's just no doubt then, as it's already been proven in our own lives, that we need our own successful guides, teachers or mentors to succeed in trading markets.

The great news is that trading for results can be and is being taught today.

This has been proven as part of an experiment conducted with real money and real students by Richard Dennis in the futures markets many years back. He believed that trading could be taught and set out to prove his theory. He succeeded tremendously and produced traders that are heads of some of the largest trading funds in the World today. Traders who manage Billions of dollars every day.

The success with this mentored group is legend and enormous.

And, the mentoring continues today through market trading masters who are willing to bring along others and teach them the secrets to success that they learned.

I'm most interested in collecting more information about these successful traders and their trading models and will continue post the ones I find to my web page which can be reached through the link at the end of this article.

My first very, very short list of "mentors of trading" is in the Forex Market. I will continue to investigate this market and, when I've completed this list, I'll move on to find the very best in other markets as well.

There is another factor to consider when searching out a real master trader and that is the time-available factor. Even the best of teachers have limited time resources and several master traders I've been researching have already stopped accepting new students. They may perhaps do so again. We can only wait and see.

About the Author

Why re-invent the wheel when it comes to learning how to trade? Tap into the wisdom of Forex Master Traders and their uniquely successful learning how to trade strategies instead of struggling and losing Time AND Money. Learn more about WHO is willing to teach and their learning how to trade approaches.